CalDRE attempts to place proper emphasis on the different content areas of the examinations. The real estate salespersons exam is 3 hours 15-minutes long. To pass the salesperson examination and become eligible for a license, examinees must correctly answer at least 70 % of the questions on the test, which is 105 out of 150 answered correctly. The examinations are given in a multiple-choice format. Answers are selected from four choices.
When changes in the law occur or changes in the practice of real estate take place, new subject matter is added to one or more of the major categories. Thus, the categories are revised and brought up-to-date on a regular basis. There is no assurance that a specific test will cover all subject areas listed, because the test merely samples the broad field of real estate.
The following lists of examination topics are for informational purposes and should not be considered totally comprehensive:
Area 1 — Property Ownership and Land Use Controls and Regulations (Approximately 15% of sales exam)
• Classes of Property
• Property Characteristics
• Encumbrances
• Types of Ownership
• Descriptions of Property
• Government Rights in Land
• Public Controls
• Environmental Hazards and Regulations
• Private Controls
• Water Rights
• Special Categories of Land
Area 2 — Laws of Agency and Fiduciary Duties (Approximately 17% of sales exam)
• Law, Definition and Nature of Agency Relationships, Types of Agencies, and Agents
• Creation of Agency and Agency Agreements
• Responsibilities of Agent to Seller/Buyer as Principal
• Disclosure of Agency
• Disclosure of Acting as Principal or Other Interest
• Termination of Agency
• Commission and Fees
Area 3 — Property Valuation and Financial Analysis (Approximately 14% of sales exam)
• Value
• Methods of Estimating Value
• Financial Analysis
Area 4 — Financing (Approximately 9% of sales exam)
• General Concepts
• Types of Loans
• Sources of Financing
• Government Programs
• Mortgages/Deeds of Trust/Notes
• Financing/Credit Laws
• Loan Brokerage
• Types of Loan Originators
Area 5 — Transfer of Property (Approximately 8% of sales exam)
• Title Insurance
• Deeds
• Escrow
• Tax Aspects
• Special Processes
• Transfer Through Court Supervision
• Types of Vesting
Area 6 — Practice of Real Estate and Disclosures (Approximately 25% of sales exam)
• Trust Account Management
• Fair Housing Laws
• Truth in Advertising
• Record Keeping Requirements
• Agency Supervision
• Permitted Activities of Unlicensed Sales Assistants
• CalBRE Jurisdiction and Disciplinary Actions
• Licensing and Continuing Education Requirements and Procedures
• California Real Estate Recovery Fund
• General Ethics
• Technology
• Property Management
• Commercial/Industrial/Income Properties
• Specialty Areas
• Transfer Disclosure Statement
• Natural Hazard Disclosure Statements
• Disclosure of Material Facts Affecting Property Value
• Need for Inspection and Obtaining/Verifying Information
• Reports
• Servicing Diverse Populations
Area 7 — Contracts (Approximately 12% of sales exam)
• General
• Listing Agreements
• Buyer Broker Agreements
• Offers/Purchase Contracts
• Agreements
• Promissory Notes/Securities
• Purchase/Lease Options
• Advanced Fee
The ‘Real Estate Exam Prep’ is the final and most important step in your real estate education before taking the California Real Estate License Exam. Our One Day Live Prep Course provides many valuable tips, prepares you to take and successfully pass the State Exam.
